In this edition, coverage on UN talks in our Leads section, plus updates from China’s market efforts in
China to launch pilot carbon market in Shenzhen from and Future points to carbon trading from Chinese media. Elsewhere, detractors go after the White House for slow action on the climate.

Quote of the Day:

“Practically speaking we have lost six months. There is a danger some items will have to be forwarded to next year.”

–Quamrul Chowdury, UN’s Least Developed Countries chief negotiator, in Bloomberg’s “UN Global Warming Talks Blocked by Russia Set Back Six Months”

Lead Stories

EU carbon market rescue may scrape by next week, prospects shaky
A European Commission plan to revive Europe’s carbon market appears headed for a setback that would keep emissions prices depressed for years, although it may scrape approval in a European Parliament committee next week.

China to launch pilot carbon market in Shenzhen
China’s economic growth has come on the back of unparalleled coal use, unbreathable air and the unenviable title of being the world’s biggest greenhouse gas emitter.
**RKB –From the article: “At the moment we know 635 companies will be covered by the Shenzhen scheme,” said Hongliang Chai of Thomson Reuters Point Carbon, a consultancy, pointing out that their combined emissions add up to just over a third of all Shenzhen’s emissions in 2010. “But we don’t officially know exactly which companies will be covered.

Future points to carbon trading
China Daily (English edition)
As the world’s largest energy consumer, China is stepping up its efforts to cut greenhouse gas emissions by rolling out a series of experimental pilot programs.

UN Global Warming Talks Blocked by Russia Set Back Six Months
The United Nations global warming talks have been set back by six months after Russia and its allies blocked progress at a group charged with implementing decisions of the 190 nations involved in the discussions.

Emission setbacks add to climate summit pressure
The Sydney Morning Herald
United Nations talks on reforms to emissions-market rules stalled this week after members rejected a proposal to reconsider the body’s decision-making rules, putting additional pressure on a climate summit in November.

Obama leaves climate change-fighting tool on shelf for now
President Barack Obama has vowed to tackle climate change in his second term, but so far has not acted to strengthen a tool that does not require backing from Congress – the National Environmental Policy Act.

Obama Tells Keystone Foes He Will Unveil Climate Measures
With his administration under pressure from environmentalists to reject the Keystone XL pipeline project, President Barack Obama plans to unveil a package of separate actions next month focused on curbing U.S. greenhouse gas emissions.

EPA confirmation delay raises questions about U.S. carbon rules
With a Senate vote on President Barack Obama’s nominee to head the Environmental Protection Agency still in limbo, speculation is rising about the fate of a proposed emissions rule for new power plants that was scheduled to have been finished in April.

Climate talk shifts from curbing CO2 to adapting
Efforts to curb global warming have quietly shifted as greenhouse gases inexorably rise. The conversation is no longer solely about how to save the planet by cutting carbon emissions. It’s becoming more about how to save ourselves from the warming planet’s wild weather.

Beyond NYC: Other places adapting to climate, too
BONN, Germany — From Bangkok to Miami, cities and coastal areas across the globe are already building or planning defenses to protect millions of people and key infrastructure from more powerful storm surges and other effects of global warming.

Depletion of natural capital a cost to all
The New Zealand Herald
If a river is turned into a drain, how much is lost? If bees are deprived of a healthy diet, how long will it be before we are too? Questions like these underlie an increasingly serious international effort to bolster the conventional measures of economic growth and wealth with measures of natural capital and the depletion thereof, and of the services which ecosystems provide us.


Waste Conversion Congress East Coast
Boston, Massachusetts
June 17-18

2013 Rising Seas Summit
Association of Climate Change Officers
Fort Lauderdale, Florida
June 18-20

New York Energy Week
New York, NY
June 24 -28

Converge Paris
Sustainable Energy Tech Conference
Paris, France
June 24-28

EMA’s 17th Annual Meeting
September 25-27, 2013
Monte Carlo Resort, Las Vegas, NV


EU carbon price surges amid optimism
Europe’s carbon price has surged to its highest level in months, prompting analysts to tip a rosier outlook for Australia’s future carbon market.

COLUMN-Montreal Protocol shows way for climate action: Wynn
A new deal to curb carbon emissions could copy features from the Montreal Protocol, which the United States and China favoured over its Kyoto counterpart in an agreement on greenhouse gases at the weekend.

Natural Gas/Coal/Alternative Fuels

EU close to agreeing rules for insider trading in commodities
European authorities are close to agreeing on the final draft of markets abuse rules that will make the standard commodities market practice of trading on inside information illegal.

Shale Drillers Squeeze Costs as Era of Exploration Ends: Energy
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over.

Water Management Biggest Risk to China Shale Gas, Bernstein Says
Water management is the biggest challenge to shale gas development in China amid concern that extraction of the fuel will contaminate drinking supplies, according to Sanford C. Bernstein & Co.

Myanmar gas pipeline complete but cites China delays
A pipeline connecting western Myanmar to China is ready to carry gas from July, but it won’t be fully operational for about three more months due to construction delays in China, Myanmar’s energy minister said.


China to Aid Solar Industry by Easier Financing: Cabinet
China, the world’s biggest maker of solar panels, will boost domestic demand for solar-generated electricity and provide easier financing to manufacturers as rising trade tensions slow exports.

Godawari Starts Asia’s Biggest Solar-Thermal Power Plant
Godawari Power & Ispat Ltd. (GODPI) started Asia’s biggest solar-thermal plant as India limps toward clean-energy targets with prices almost half the global average.

Dorothy Thompson managing shift to sustainable fuel
Financial Times
Dorothy Thompson, who becomes a Commander of the British empire in the Queen’s birthday honours, is one of the few women at the top of the UK energy sector.

U.K. Power Price to Double German on Wind, Solar: Energy Markets
Electricity in the U.K. is poised to cost almost twice as much as in Germany within two years as Britain lags behind in building solar and wind plants.

EBRD May Lend Energa $251 Million for Polish Smart Grid Project
The European Bank for Reconstruction & Development is considering loaning Polish utility Energa SA as much as 800 million zloty ($251 million) for a smart grid project, a “step change” in investment in the region, an analyst said.


Green infrastructure and future water leaders: An interview with Jeff Eger
This feature news is part of Singapore International Water Week’s (SIWW) series of one-on-one interviews with global water industry leaders, Conversations with Water Leaders. In this edition, Jeff Eger, executive director of Water Environment Federation (WEF), speaks with OOSKAnews correspondent, Renee Martin-Nagle, on how green infrastructure have contributed to water solutions with respect to stormwater and ways to attract young people to join the ranks of water professionals.


Ford CFO’s Sustainability Call Emphasizes Greener Profit
Ford Motor Co (F).’s call today with Chief Financial Officer Bob Shanks on the No. 2 U.S. carmaker’s sustainability efforts showed that going green is falling into the laps of those who control purse strings at more of the world’s largest companies.


Four energy policies can keep the 2 Degree C climate goal alive (Posted June 10, 2013)

Maneuvering the Mosaic: State of the Voluntary Carbon Markets 2013 (Posted June 10, 2013)
Ecosystem Marketplace

Mapping carbon pricing initiatives: developments and prospects (Posted May 30, 2013)
World Bank

Extreme Weather and Climate Change in the American Mind April 2013 (Posted May 1, 2013)
Yale Project on Climate Change

Clearing the Air: Reducing Upstream Greenhouse Gas Emissions from U.S. Natural Gas Systems (Posted April 8, 2013)
World Resources Institute

The State of Green Business 2013 (Posted February 12, 2013)

Can the US Get There from Here? (Posted February 6, 2013)

The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)

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